WHALEBONE HOUSING AND DEVELOPMENT FUND CO INCORPORATED (EIN 112770854) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Principal Officer

NEIL HAUSIG

Phone

6313248836

Tax Period

2022-07-01 to 2023-06-30

WHALEBONE HOUSING AND DEVELOPMENT FUND CO INCORPORATED is a small nonprofit in the Housing & Shelter sector that reported $975K in total revenue in fiscal year 2022. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

THE ORGANIZATION OPERATES A MULTI-FAMILY RENTAL HOUSING COMPLEX IN EAST HAMPTON, NEW YORK. TO PROVIDE LOW TO MODERATE INCOME HOUSING.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $487,612

Program Service Revenue $475,796

Investment Income $232

Other Revenue $11,595

TOTAL REVENUE $975,235

Expense Breakdown

Grants Paid $0

Salaries & Benefits $297,898

Fundraising Expenses $0

Program Expenses $924,745

Other Expenses $739,325

TOTAL EXPENSES $1,037,223

Year-over-Year Comparison

	2022	2021	Change
Revenue	$975,235	$898,353	+0.1%
Expenses	$1,037,223	$952,096	+0.1%
Net Income	$-61,988	$-53,743	+0.2%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WALTER BLUMBERG	TREASURER	1.00	Officer	$0	$0	$0
ELLA ENGEL-SNOW	DIRECTOR	1.00	Officer	$0	$0	$0
GLENN HALL	VICE CHAIR	1.00	Officer	$0	$0	$0
NEIL HAUSIG	CHAIRPERSON	1.00	Officer	$0	$0	$0
CAROLINA THACKRAH	SECRETARY	N/A	Officer	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$975,235	$1,037,223	$991,759	$-61,988
2022	$898,353	$952,096	$1,107,921	$-53,743
2021	$1,040,064	$962,113	$1,205,724	$77,951
2020	$912,013	$910,618	$1,191,961	$1,395
2019	$929,660	$1,009,199	$1,192,109	$-79,539

WHALEBONE HOUSING AND DEVELOPMENT FUND CO INCORPORATED